In March, investors pulled $10.5 billion out of U.S. equity passive funds, an increase of $2.1 million from the month prior. Active funds saw an increase in assets of $6.7 billion compared to the previous month.

To give perspective, U.S. equity funds haven’t had months with consecutive outflows since September-October 2009.

Taxable-bond funds provided a safe haven in March as interest rates fell a bit and investors funneled nearly $16 billion into them, nearly 4 times the prior month’s inflows.